RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: po

The 2010 annual report was for the end of 2009 activities.

If you read the report at the time of the filing, Namcor still had not recieved the well report fron Sintez and resisted the work program agreed which entailed reentry of the well. Namcor and the partners wanted to confirm the gas that Sintez claimed wa there. Sintez then wanted to delay any work at Kunene to get the license extended so that they could transfer their share of the block to Nakor. They then got a remaining carried interest as a result and no reentry happened.